Funding you earn now, next payment 21:00 UTC−0.0397%/8h= −43.5% APRnext payment −$0.50 per $10,000 · paid last 24h −0.091%
Price spread now: Polymarket Perps against Backpack−0.122%7-day average −0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$340.341% of the position
Funding, last 7 days−0.174%−$17 on $10k
+Price spread, last 3 days (all we have)+0.261%+$26 · spread now −0.122%, 7d avg −0.024%
=Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Polymarket Perps is 0.098% cheaper against Backpack than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.024%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.174% in total (about -9.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.50 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack LTC_USDC_PERP | 62.374 | 0.0045 | pay 0.0006% / 1h | 2m 26s | $162K | $284K | 10x |
| Short | Polymarket Perps LTC-USD | 62.298 | −0.0353 | pay 0.0044% / 1h | 2m 26s | $79K | $428K | 10x |
Backpack LTC_USDC_PERP
Polymarket Perps LTC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against Backpack. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$83.44
- Price spread: −0.122% → −0.024%
- −$9.76
- Slippage, 4 orders
- −$16.09
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$127.29
- Costs to cover
- 0.341%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 26 min ago; Polymarket Perps: live order book, 25 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Backpack live order book, 26 min ago | 0.08 bp | 8.5 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 25 min ago | 3.75 bp | 12.0 bp −$12 | 12.3 bp −$123 | doesn't fit | doesn't fit |
LTC on 37 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps LTC-USDshort | −0.0353% | 1h | 62.298 | −0.122% | $79K | $428K | 10x | |
| Variational Omni LTC | −0.0090% | 8h | 62.427 | +0.084% | $3.7M | $4.0M | — | as long as short |
| Gate LTC_USDT | −0.0030% | 8h | 62.370 | −0.006% | $12.8M | $21.0M | 75x | as long as short |
| GMX LTC/USD [ETH-USDC] | L −0.0020% / S +0.0252% | 1h | 62.408 | +0.054% | $129K | — | 200x | as long as short |
| Kalshi KXLTCPERP | 0.0000% | 8h | 62.422 | +0.077% | $348K | $4.1M | 4x | as long as short |
| Deribit LTC_USDC-PERPETUAL | 0.0000% | 1h | 62.444 | +0.112% | $700K | $1.1M | 50x | as long as short |
| gTrade (Gains Network) LTC/USD | L +0.0002% / S −0.0003% | 1h | 62.406 | +0.051% | $31K | — | 150x | as long as short |
| Injective LTC/USDC PERP | +0.0033% | 1h | 58.730 | −5.842% | $5K | $22K | 12x | as long as short |
| Backpack LTC_USDC_PERPlong | +0.0045% | 1h | 62.374 | long leg | $162K | $284K | 10x | |
| Bybit LTCUSDT | +0.0047% | 8h | 62.360 | −0.022% | $79.1M | $60.0M | 75x | as long as short |
Variational Omni LTC
Gate LTC_USDT
GMX LTC/USD [ETH-USDC]
Kalshi KXLTCPERP
Deribit LTC_USDC-PERPETUAL
gTrade (Gains Network) LTC/USD
Injective LTC/USDC PERP
Bybit LTCUSDTShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter LTC | +0.0096% | 1h | 62.442 | +0.109% | $1.3M | $1.2M | 10x | as long as short |
| Orderly PERP_LTC_USDC | +0.0099% | 8h | 62.390 | +0.026% | $12K | $209K | 20x | as long as short |
| Paradex LTC-USD-PERP | +0.0100% | 8h | 62.346 | −0.045% | $16K | $10K | 20x | as long as short |
| Nado LTC-PERP | +0.0100% | 1h | 62.345 | −0.046% | $254K | $327K | 10x | as long as short |
| Aster LTCUSDT | +0.0100% | 8h | 62.404 | +0.048% | $2.6M | $2.1M | 75x | as long as short |
| Pacifica LTC | +0.0100% | 1h | 62.370 | −0.006% | $547K | $83K | 10x | as long as short |
| Binance LTCUSDT | +0.0100% | 8h | 62.380 | +0.010% | $96.8M | $220.2M | 75x | as long as short |
| OKX LTC-USDT-SWAP | +0.0100% | 8h | 62.370 | −0.006% | $27.8M | $76.3M | 50x | as long as short |
| MEXC LTC_USDT | +0.0100% | 8h | 62.350 | −0.038% | $62.4M | $35.2M | 200x | as long as short |
| KuCoin LTCUSDTM | +0.0100% | 8h | 62.350 | −0.038% | $19.2M | $12.1M | 75x | as long as short |
| Bitget LTCUSDT | +0.0100% | 8h | 62.350 | −0.038% | $32.2M | $21.7M | 75x | as long as short |
| BingX LTC-USDT | +0.0100% | 8h | 62.370 | −0.006% | — | $37.3M | — | as long as short |
| edgeX LTCUSDC | +0.0100% | 4h | 62.392 | +0.029% | $42K | $343K | 20x | as long as short |
| GRVT LTC_USDT_Perp | +0.0100% | 8h | 62.430 | +0.090% | $349K | $2.0M | 10x | as long as short |
| ApeX Omni LTCUSDT | +0.0100% | 1h | 62.420 | +0.074% | $104K | $707K | 50x | as long as short |
| SunX LTC-USDT | +0.0100% | 8h | 62.500 | +0.202% | $18K | $4.2M | 30x | as long as short |
| SoDEX LTC-USD | +0.0100% | 1h | 62.380 | +0.010% | $643 | $5K | 10x | as long as short |
| HTX LTC-USDT | +0.0100% | 8h | 62.370 | −0.006% | $1.9M | $4.8M | 75x | as long as short |
| Phemex LTCUSDT | +0.0100% | 8h | 62.420 | +0.074% | $22.3M | $9.1M | 50x | as long as short |
| Extended LTC-USD | +0.0104% | 1h | 62.336 | −0.060% | $694K | $1.1M | 25x | as long as short |
| Aevo LTC-PERP | +0.0104% | 1h | 62.399 | +0.040% | $476K | $499 | 3x | as long as short |
| Kraken Futures PF_LTCUSD | +0.0112% | 1h | 62.433 | +0.095% | $6.9M | $5.8M | 50x | as long as short |
| Hyperliquid LTC | +0.0119% | 1h | 62.440 | +0.106% | $38.4M | $23.1M | 10x | as long as short |
| BloFin LTC-USDT | +0.0220% | 8h | 62.370 | −0.006% | $4.9M | $11.8M | 50x | as long as short |
| Reya LTCRUSDPERP | +0.0334% | 1h | 62.343 | −0.050% | $8K | $199 | 25x | as long as short |
| dYdX LTC-USD | +0.0521% | 1h | 62.391 | +0.027% | $439K | $8K | 10x | as long as short |
| Coinbase International LTC-PERP-INTX | +0.0696% | 1h | 62.370 | −0.006% | $1.2M | $2.1M | 50x | as long as short |
Lighter LTC
Orderly PERP_LTC_USDC
Paradex LTC-USD-PERP
Nado LTC-PERP
Aster LTCUSDT
Pacifica LTC
Binance LTCUSDT
OKX LTC-USDT-SWAP
MEXC LTC_USDT
KuCoin LTCUSDTM
Bitget LTCUSDT
BingX LTC-USDT
edgeX LTCUSDC
GRVT LTC_USDT_Perp
ApeX Omni LTCUSDT
SunX LTC-USDT
SoDEX LTC-USD
HTX LTC-USDT
Phemex LTCUSDT
Extended LTC-USD
Aevo LTC-PERP
Kraken Futures PF_LTCUSD
Hyperliquid LTC
BloFin LTC-USDT
Reya LTCRUSDPERP
dYdX LTC-USD
Coinbase International LTC-PERP-INTX